Market Size –
The hygienic pumps and valves market size has grown strongly in recent years. It will grow from <b>$2.22 billion in 2023 to $2.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. </b> The growth in the historic period can be attributed to stringent regulatory standards, rising demand in food and beverage industry, advancements in materials and manufacturing, quality and safety compliance, focus on cross-contamination prevention, globalization of supply chains.
The hygienic pumps and valves market size is expected to see strong growth in the next few years. It will grow to <b>$3.02 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. </b> The growth in the forecast period can be attributed to biopharmaceutical industry growth, increasing emphasis on sustainability, rise in cosmetic and personal care production, demand in water and wastewater treatment, focus on single-use systems, focus on clean energy production. Major trends in the forecast period include automation and industry 4.0 integration, focus on sustainability, customization and modular solutions, expansion in biotechnology and life sciences, focus on preventive maintenance, rise in clean-in-place (cip) systems.
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Scope Of Hygienic Pumps And Valves Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hygienic Pumps And Valves Market Overview
Market Drivers –
The rising demand for dairy products is expected to propel the growth of the hygienic pumps and valves market. Dairy products refer to milk products that include foods produced from the milk of mammals. Hygienic pumps and valves help manufacture dairy products by regulating and controlling flow and pressure in pumping systems. For instance, according to the United States Department of Agriculture (USDA), a US-based federal executive agency in charge of making and carrying out laws, the United States produced 226 billion pounds of milk annually in 2021. Therefore, the rising demand for dairy products is driving the growth of the hygienic pumps and valves market.
Market Trends –
Major companies operating in the hygienic pumps and valves market are innovating new products, such as intuitive valves, to gain a competitive edge in the market. Intuitive valves in hygienic pumps and valves refer to precision-engineered components designed for sanitary applications, featuring user-friendly, easily adjustable controls that enhance operational efficiency and hygiene in fluid processing systems. For instance, in March 2023, Alfa Laval AB, a Sweden-based manufacturer of components and systems of heat transfer, separation, and fluid handling launched ThinkTop V20. ThinkTop V20 is a valve indication unit that provides intuitive sensing of the hygienic valve status and position in real-time. ThinkTop V20 provides 360 degrees’ light-emitting diode (LED) visual status indication from all directions and provides convenient control-room monitoring of the real-time status. It is designed to be intuitive, and sensors automatically recognize the valve type and size, calibrate, and record the valve opening and closing. It is used in various applications such as dairy, food, beverage, home and personal care, biotechnology, pharmaceutical.
The hygienic pumps and valves market covered in this report is segmented –
1) By Pump Type: Centrifugal Pump, Positive Displacement Pump, Other Pump Types
2) By Valve Type: Single-Seat Valves, Double-Seat Valves, Butterfly Valves, Diaphragm Valves, Control Valves, Other Valve Types
3) By Material Type: Stainless Steel, Copper, Bronze
4) By Hygiene Class: Aseptic, Standard, Ultraclean
5) By Application: Pharmaceutical, Food, Cosmetics, Fine Chemistry, Other Applications
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Regional Insights –
North America was the largest region in the hygienic pumps and valves market in 2023. The regions covered in the hygienic pumps and valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the hygienic pumps and valves market report are Alfa Laval AB, Lone Star Fund, Group Aktiengesellschaft, ITT Inc., Evoguard GmbH, KSB SE & Co. KGaA, Emerson Electric Co., Spirax-Sarco Engineering plc, Flowserve Corporation, Christian Bürkert GmbH & Co. KG, Gebr. Müller Apparatebau GmbH & Co, Samson AG, Fristam Pumpen KG, Dover Corporation, Verder International B.V., nnovation Diversity and Excellence Corporation, Adamant Valves, Bardiani Valvole, Gebr Rieger GMBH + CO KG, Curtiss-Wright Corporation, Ampco Pumps Company, DEFINOX, LEWA PUMPS INDIA PRIVATE LIMITED, Nocado GmbH, AxFlow Holding AB, Waukesha Cherry-Burrell, Adjusted Present Value, Bornemann Maschinenbau GmbH, Tapflo Group, Grundfos Holding A/S
Table of Contents
1. Executive Summary
2. Hygienic Pumps And Valves Market Report Structure
3. Hygienic Pumps And Valves Market Trends And Strategies
4. Hygienic Pumps And Valves Market – Macro Economic Scenario
5. Hygienic Pumps And Valves Market Size And Growth
…..
27. Hygienic Pumps And Valves Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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